One of the crowning glories among crypto assets is Kyber Network (Native Token more popular as KNC) based on the Ethereum platform. With decentralized finance (DeFi) becoming the talk of the town, algorithms and science-backed cryptocurrencies seem to be ruling the blockchain world. Before we dig into the Kyber Network price prediction, let us have a look at some in-depth information about Kyber Network.
No wonder this is an outcome of years-long thinking, strategizing, science, and technology- all combined together. With time came cryptocurrencies on the digital roadmap with date-set milestones and then manifested genesis of Kyber Network (KNC). Founded in 2017 by Loi Luu, Victor Tran, Yaron Velner, the mission of Kyber Network has been to make investors feel safe and transact securely with KNC at a lightning-fast speed. The Kyber Network community has set higher benchmarks for itself, notwithstanding.
Kyber Network Overview
| Cryptocurrency | Kyber Network |
| Ticker Symbol | KNC |
| Price | $1.73 |
| Price Change 24h | +9.06% |
| Price Change 7d | -17.54% |
| Market cap | $354,270,741 |
| Circulating Supply | 177,809,350 KNC |
| Trading Volume | $59,056,421 |
| All time high | $5.72 |
| All time low | $1.17 |
| Kyber Network ROI | +350.59% |
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The Multifaceted Kyber Network
Blockchain algorithm being the center stage of this cryptocurrency, the entire phenomenon and fundamental focus of this crypto is programmability. This allows users to not only benefit from a digital money perspective but also using KNC for all marketplace transactions such as financial services, apps, games, to name a few, which can be built on the platform.
As explained above, Kyber Network enables developers to formulate and work on smart contracts automatically implementing assignments under specific conditions. Kyber Network has stuck with its plan to consistently upgrade the protocol to ensure improved usability, security, functionality, and decentralization.
This ultimately makes the entire system more reliable and efficient. Round-the-clock support offered by the back-end team makes Kyber Network all the more dependable. Investors are assured of their security, and any malware is trapped immediately.
Kyber Network: Collaborative Constitution
As a substitute for centralized or quasi-centralized trust, public blockchains are secured by cryptoeconomics – the combination of economic incentives and cryptographic verification following a general principle that the degree to which someone can influence the consensus process is proportional to the quantity of economic resources that they can bring to bear. These blockchains are generally considered to be “fully decentralized.”
The corporate, headquartered in Singapore, has planned big for the future, embarking on various partnerships and collaborations. Being listed on eminent cryptocurrency exchanges like Binance, Huobi Global, OKEx, Upbit, the Kyber network offers a safe and dependable platform to its traders. It enables lesser fees and a plethora of digital assets to pick and choose from.
These upgrades and successful tie-ups have accelerated the momentum for Kyber Network (KNC), creating the ecosphere of smart contracts far and wide. Banking on DeFi and platforms being driven by blockchain, the Kyber network has phenomenally carved a growth path for itself.
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Kyber Network (KNC): Historical Data: Technical Analysis
Shortly after KNC made an appearance in 2017, its first big price hike reflected around the beginning of 2018. The Kyber Network price rose from $1 to $4 — a considerable jump that reflected a considerable amount of early investor interest. Its growth was much slower for the rest of 2018 and 2019, with its price generally hovering below $0.50.
From the beginning of 2020, it had marked considerable upside movement, but with sharp declines in between. After the March crash, Kyber Network price managed to stay above $0.50.
Surprisingly, when all other currencies demonstrated a dismal performance, the KNC price has exhibited a drastic change fluctuating between $0.45 to $1.60. Hence, Kyber Network (KNC) gained investor confidence and saw a great surge in momentum. A lot of transactions transpired, and money changed hands. At the time of writing this article, the Kyber Network price stands around $3.11.
Conducive factors have increased the use of Kyber network protocol in the decentralized finance (DeFi) sector, thereby boosting KNC adoption. It can be clearly defined that KNC, listed on various exchanges, has positioned itself among many of the top currencies but has to exploit its maximum potential to stay at that level.
KNC Price Prediction: Market Sentiment
Based on the Kyber Network prediction, the Kyber Network (KNC) price currently trades around $3.11 and has a market cap of $553,393,659.45 with a total circulating supply of 177,809,350 KNC. Let’s have a look at what experts think about the future of Kyber Network (KNC).
According to our Kyber Network Price Predictions, the KNC coin shows that the price might reach $4.17 in the end of 2022 and $5.64 in the end of 2026.
Digital Coin Price
Being based on a logical algorithm and our forecasts, Kyber Network faces significant price changes and has both short-term as well as the long-term rally. The price may reach $3.3 at the end of 2022. Crypto Rating
The Kyber Network price prediction conducted by GOV Capital states that the coin would hover around $5.249 by the end of 2026. GOV Capital
According to our Kyber Network price prediction, there is a downturn predicted, and the price may go down to $3.878 by the year 2023. Wallet Investor
Many Kyber Network projects are moving from the concept phase to the testing phase, and by the end of the year, a good number of projects would have been completed; hence, an all-around bullish price forecast for the price of Kyber Network is expected. KNC price prediction for 5 years is expected around $3.797. CoinSwitch
According to our Kyber Network predictions, the coin value should easily swing around $7.43611 by the end of 2024. Trading Beasts
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Kyber Network Price Predictions: 2022-2026
Since the last week of February 2022, price rise is observed. There is a minor downfall seen currently from a few days so let’s see if the prices go down or goes up in the short term. The positive part is that the current trading price is above all the 20, 50 and 200 days MA.
Kyber Network Price Prediction 2022
There are some price forecasts in tandem with the same bullish trend that the KNC coin is poised for an upswing even in the next year, i.e., 2022, making an investment in the coin worth it. Following the trending pattern against USD, the price of Kyber Network only continues to indicate a positive trend among the receding Pandemic scenario surpassing the $4.34 mark.
Kyber Network Price Prediction 2023
Going by the Crypto forecast of shorter and longer price trends, the Kyber Network has been digressing from its path normally every couple of years. Likely, the end of 2022 or the year 2023 may not be so great for KNC price for escalation, especially with rivals catching up heat showing resistance or markets playing hide and seek to keep the price at $5.04.
Kyber Network Price Prediction 2024
Stating that a jaw-dropping possibility does not exist and that bulls will ride the crypto market, it is once again expected that the Kyber Network price will rule with a striking performance across the $5.19 mark, which shows the KNC price has full potential to not only sustain but consistently grow even in adverse conditions.
Kyber Network Price Prediction 2025
This year might mark the benchmark year as the Kyber Network price is predicted to surpass $6.61 by all means as the damage done would be on the road to repair work in all world economies. With mass adoption, KNC price is estimated to reach around $7.37 by the end of 2025 a rise like never before.
Kyber Network Price Prediction 2026
The year has boosted the market sentiment phenomenon drastically. Traders and Investors have started betting on the long term for the KNC movement tracking it very closely. Hence, price predictions for KNC for this whole year remain quite encouraging, stating that it might jump to about $6.16, soon hitting straight the $6.67 mark, making it an attractive investment.
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Frequently Asked Questions
Is KNC better than Bitcoin (BTC)?
That can’t be commented on as both have their pros and cons. They both are the topmost coins in the world. It is just like asking what is better, Gold or Diamonds!!
How does Kyber Network gain significance in the market?
It is nothing but the trust of investors that has made an upward surge in the price of Kyber Network. The sustainability of Ethereum also works for the fork KNC. Proving its merit against competitors, KNC has withstood the test of times and is worth investors’ hard-earned money.
Can Kyber Network make me rich?
No false promises. At the same time no despair as well. It all boils down to mass adoption, as said earlier. Investors have to do thorough due diligence of the coin before investing the amount. You need to buy or sell wisely and strategically.
Where can I buy Kyber Network (KNC)?
All esteemed exchanges of the world carry the hallmark presence of KNC. The compliant exchange also gives you the facility of directly trading KNC for fiat currencies like USD, EUR, GBP, or other cryptocurrencies on many exchanges. Investors can also benefit from the block rewards program on KNC.
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Source link: https://www.cryptonewsz.com/forecast/kyber-network-price-prediction/
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